MillerKnoll Inc (MLKN)
Current ratio
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Mar 2, 2024 | Feb 29, 2024 | Dec 2, 2023 | Nov 30, 2023 | Sep 2, 2023 | Aug 31, 2023 | Jun 3, 2023 | May 31, 2023 | Mar 4, 2023 | Feb 28, 2023 | Dec 3, 2022 | Nov 30, 2022 | Sep 3, 2022 | Aug 31, 2022 | May 31, 2022 | May 28, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,140,600 | 1,125,800 | 1,071,800 | 1,069,600 | 1,083,400 | 1,083,400 | 1,114,300 | 1,114,300 | 1,097,700 | 1,097,700 | 1,176,200 | 1,176,200 | 1,276,100 | 1,276,100 | 1,309,900 | 1,309,900 | 1,331,200 | 1,331,200 | 1,317,900 | 1,317,900 |
| Total current liabilities | US$ in thousands | 683,100 | 703,700 | 675,700 | 697,700 | 680,500 | 680,500 | 713,800 | 713,800 | 704,500 | 704,500 | 702,800 | 702,800 | 733,200 | 733,200 | 773,200 | 773,200 | 773,000 | 773,000 | 877,400 | 877,400 |
| Current ratio | 1.67 | 1.60 | 1.59 | 1.53 | 1.59 | 1.59 | 1.56 | 1.56 | 1.56 | 1.56 | 1.67 | 1.67 | 1.74 | 1.74 | 1.69 | 1.69 | 1.72 | 1.72 | 1.50 | 1.50 |
February 28, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,140,600K ÷ $683,100K
= 1.67
MillerKnoll Inc has maintained a relatively stable current ratio over the past few years, ranging between 1.50 and 1.74. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A current ratio of 1.50 indicates that the company has $1.50 in current assets for every $1 of current liabilities, providing a sufficient cushion to cover its short-term debt obligations. The slight fluctuations in the current ratio suggest that the company has been able to manage its current assets and liabilities effectively. However, it is important for the company to continue monitoring its current ratio to ensure it remains at an optimal level to support its financial health and liquidity position.